RPT-Japan's Seven & i agrees business alliance with H2O Retailing

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TOKYO Oct 6 Seven & i Holdings Co Ltd,
Japan's second-biggest retailer by sales, on Thursday said it
has entered a capital and business alliance with smaller peer
H2O Retailing Corp, with both companies planning to
take a 3 percent stake in each other.

Separately, Seven & i said it aims to boost annual operating
profit to 450 billion yen ($4.34 billion) by the business year
ending Feb. 28, 2021.

The operator of Seven Eleven convenience stores last week
lowered its full-year operating profit forecast for the current
year ending Feb. 28 to 353 billion yen from an earlier estimate
of 379 billion yen amid a downturn in consumer spending.

In the six months ended Aug. 31, operating profit rose 5.2
percent to 181 billion yen, the company also said on Thursday.
($1 = 103.6000 yen)
(Reporting by Tim Kelly; Editing by Christopher Cushing)

ZURICH, Aug 9 Nestle expects pressure
from the rising price of ingredients for its products such as
chocolate bars, coffee and soup to ease, helping it meet its
target for increasing sales despite tough markets.

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